Part I: Business Studies
This section covers the fundamental nature, environment, and functions of a business.
1. Background and Business Organizations
Explores the nature and **evolution of business**, its objectives, functions, and the influence of the **external environment**. Covers types of **business ownership** and the role of **stakeholders**.
2. Trade, Management, and ICT
Focuses on **functions of trade** and **aids to trade** (transport, insurance, banking). Introduces **management functions**, **marketing principles**, and the impact of **e-commerce** on modern business.
Part II: Accounting
This section introduces the principles of accounting, recording transactions, and preparing financial statements.
3. Introduction and Recording Transactions
Covers the aims and importance of accounting, basic concepts, the **double-entry system**, the **accounting equation** (Assets=Liabilities+Equity), and the dual impact of transactions.
4. Books, Ledgers, and Verification
Focuses on **Prime Entry Books** (cash book, petty cash, journals), posting to **ledgers**, preparing a **Trial Balance**, and **Bank Reconciliation**.
5. Financial Statement Preparation
Preparing **final financial statements**, including **adjustments**, for various business types and **non-profit organizations**.
Skill Development Focus
The course develops practical, analytical, and socially responsible skills applicable to business and finance.
Analytical Skills
Evaluating business results and understanding the impact of transactions.
Recording and Reporting
Accurately recording business transactions and preparing financial reports.
Entrepreneurial & Social Mindset
Fostering the initial foundation for becoming an **entrepreneur** and developing a sense of **social responsibility**.
Assessment Structure
The assessment consists of two compulsory written papers (Papers I and II), totaling 100 marks.
- **Duration:** 2 hours
- **Weighting:** 40 marks
- **Format:** Structured and short-answer questions covering core concepts from both Business Studies and Accounting.
- **Duration:** 2.5 hours
- **Weighting:** 60 marks
- **Format:** Compulsory question plus a selection of longer, more complex questions, divided into Business Studies and Accounting sections.
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